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    Heidi G. Petz

    President and Chief Executive Officer at Sherwin-Williams Co
    Since January 1, 2024
    Age
    50 years
    Tenure
    Joined Sherwin-Williams in June 2017 and advanced through multiple leadership roles—from positions in Consumer Brands Group and The Americas Group to Chief Operating Officer and ultimately President and Chief Executive Officer as of January 1, 2024.

    Also at Sherwin-Williams Co

    JGM
    John G. Morikis
    Executive Chairman
    AJM
    Allen J. Mistysyn
    Senior Vice President – Finance and Chief Financial Officer
    BJY
    Bryan J. Young
    Senior Vice President – Corporate Strategy and Development

    About

    Heidi G. Petz is a seasoned executive known for her strategic leadership and extensive experience in the paint and coatings industry. As a key figure at Sherwin-Williams, she has demonstrated her ability to navigate complex operational challenges and drive profitable growth.

    Her career at Sherwin-Williams began in June 2017 when she joined the company in connection with the acquisition of The Valspar Corporation. Over the years, she has progressed through a series of increasingly responsible roles, contributing to the transformation of multiple business units within the organization.

    Beyond her operational expertise, she has broadened her impact by serving on various boards, including those of Ulta Beauty, Inc. and University Hospitals Health System, Inc. This blend of hands-on leadership and governance experience underscores her commitment to steering both company strategy and broader industry initiatives.

    $SHW Performance Under Heidi G. Petz

    Past Roles

    OrganizationRoleDate RangeDetails
    Sherwin-Williams Chair of the Board Since January 2025 Former position before becoming President & CEO
    Sherwin-Williams President and Chief Operating Officer Mar 2022 - Jan 2024 Former role; ended due to promotion
    Sherwin-Williams President, The Americas Group (Paint Stores Group) Mar 2021 - Mar 2022 Former role; group later renamed
    Sherwin-Williams Senior Vice President, Marketing, The Americas Group Nov 2020 - Mar 2021 Former role
    Sherwin-Williams President, Consumer Brands Group Sept 2020 - Nov 2020 Brief role held prior to further promotion
    Sherwin-Williams President & General Manager, Retail North America, Consumer Brands Group Mar 2019 - Sept 2020 Former role
    Sherwin-Williams Senior Vice President, Marketing, Consumer Brands Group Jun 2017 - Mar 2019 Former role; joined during the Valspar acquisition
    Newell Rubbermaid Leadership Role N/A Held leadership role before joining SHW
    Target Corporation Leadership Role N/A Held leadership role before joining SHW
    PricewaterhouseCoopers (PwC) Leadership Role N/A Held leadership role before joining SHW

    External Roles

    OrganizationRoleDate RangeDetails
    Ulta Beauty, Inc. Director N/A Current active role
    University Hospitals Health System, Inc. Board of Directors Member N/A Current active role
    Joint Center for Housing Studies of Harvard University Policy Advisory Board Member N/A Current active role

    Fixed Compensation

    Data from  FY 2023
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$900,000 Annual (as of December 31, 2023) 12.49% increase from $800,040 at December 31, 2022
    All Other Compensation$181,372 Annual (2023)Includes Company Contributions to Retirement Plans: $96,083 and Perquisites and Other Personal Benefits: $85,289

    Performance Compensation

    Data from  FY 2023

    Annual Cash Incentive Compensation (Cash-Based)

    MetricThresholdTargetMaximumWeightActual Result
    Adjusted EPS$5.99 $7.49 $7.92 40% $9.57
    Adjusted FCF$832M $1,040M $1,138M 35% $2,515M

    Incentive Earned: $1,746,000

    Incentive as a Percentage of Base Salary: Target = 100%; Maximum = 200%.

    Performance-Based Restricted Stock Units (Adjusted EPS Goal)

    DetailValue
    Performance MetricAdjusted EPS
    Threshold$20.88 (50% vesting)
    Target$23.20 (100% vesting)
    Maximum$24.75 (200% vesting)
    PRSUs at Target5,600
    PRSUs at Maximum11,200
    Grant DateFebruary 14, 2023
    Grant Date Fair Value$1,299,088
    Vesting Schedule3-year performance period (2023-2025), vesting February 2026

    Performance-Based Restricted Stock Units (Adjusted RONAE Goal)

    DetailValue
    Performance MetricAdjusted RONAE
    Threshold10.40% (50% vesting)
    Target11.40% (100% vesting)
    Maximum11.90% (200% vesting)
    PRSUs at Target2,800
    PRSUs at Maximum5,600
    Grant DateFebruary 14, 2023
    Grant Date Fair Value$649,544
    Vesting Schedule3-year performance period (2023-2025), vesting February 2026

    Retention Restricted Stock Units

    DetailValue
    Award TypeRetention RSUs
    Units Granted8,350
    Grant DateFebruary 14, 2023
    Grant Date Fair Value$1,937,033
    Vesting ScheduleCliff vest on the 3rd anniversary of the grant date

    Stock Options

    DetailValue
    Number of Options44,100
    Exercise Price$248.57
    Grant DateOctober 13, 2023
    Grant Date Fair Value$3,399,387
    Vesting ScheduleEqual installments on the 1st, 2nd, and 3rd anniversaries